N.J.S.A. 48:12-98

Franchise taxes; exemption from other taxes

48:12-98. Franchise taxes; exemption from other taxes Every such company shall pay the same franchise taxes upon gross receipts from the operation of autobusses as other owners and operators of autobusses, but shall be exempt from the payment of any tax which by reason of the ownership or operation of any autobus or autotruck would otherwise be assessable under the provisions of chapters 19 to 29 of the title Taxation (s. 54:19-1 et seq.).

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This is the verbatim text of N.J.S.A. 48:12-98, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 48:12-98 — Franchise taxes; exemption from other taxes | Kyzer